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priceNpedia
Nov 18, 2022 10:26 AM

INDUS IND BANK - DESCENDING TRIANGLE & DOUBLE TOP 

INDUSIND BANK LTDNSE

Description

Indus Ind Bank is facing multi year resistance and price has already formed a double top
inside the descending triangle.

With the market looking very weak , this trade looks good to be taken with a risk reward
of 1:5.

Cheers.
priceNpedia
Comments
johntradingwick
Keep up the good work!
priceNpedia
@johntradingwick, Thank you very much Sir.
rachdev
i have made the same pattern and took a bullish trade, considering this as a consolidation after a good uptrend. lets see how it turned out.
priceNpedia
@rachdev, just manage ur risk
balanin479
IS this bearish sign or bullish, sir?
priceNpedia
@balanin479, absolutely bearish
balanin479
@priceNpedia, ok. thank you very much sir.
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